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By Hackney Hipster Darren Atwater | Sunday 5 August 2018
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I'm a fan and user of Uber. I call up an app on my iPhone, tell it where I want to go, and five minutes later someone will come by and take me there at a price less than the cost of a Black Cab. This can happen because Uber has billlions from investors and loses money on every ride that it provides. I didn't say I was an investor of the service.
I'm also a fan of MoviePass (Nasdaq: HMNY). MoviePass provides a service in the United States where subscribers pay $9.95 (£7.65) per month, around the price of a single movie ticket, and allows the member to see a movie every single day. The brilliant business model MoviePass uses is this: they pay the cinema owner the full price of the ticket every time a member sees a film.
Last Thursday, MoviePass members could not see anything because MoviePass had no money whatsoever in their account, later getting a $5 million loan from their shareholders. I didn't say I was an investor of that service either.
Obviously, both of these companies would have been perfect for AIM, 'The most successful growth market in the world' means 'Keep placing so we can stay in business.'
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The first non-Tom story is 5 Slam-dunk sells for 2018 – July update by Nigel Somerville is on the leaderboard at a fantastic #5.
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This column itself has slid to a sad #49.
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